AI Earnings Predictions for Pioneer Bancorp Inc. (PBFS)

EX-99.1

2 pbfs-ex99d1.htm

EX-99.1

Exhibit 99.1

652 Albany Shaker Road, Albany, NY 12211‌News Release

FOR IMMEDIATE RELEASE:

Pioneer Bancorp, Inc. Reports Third Quarter 2026 Results ​

Albany, N.Y. – October 30, 2026 – Pioneer Bancorp, Inc. (“Pioneer”) (NASDAQ: PBFS), a leading financial institution in New York’s Capital Region, today reported the results for the three and nine months ended September 30, 2026.

Net income for the three months ended September 30, 2026 was $85,000, or approximately $0.00 per basic and diluted share, as compared to $4.3 million, or $0.18 per basic and diluted share, for the three months ended September 30, 2025. Net income for the nine months ended September 30, 2026 was $8.9 million, or $0.37 and $0.36 per basic and diluted share, respectively, as compared to $16.5 million, or $0.67 per basic and diluted share, for the nine months ended September 30, 2025.

Highlights

●Net loans receivable of $1.94 billion at September 30, 2026 was up $290.3 million, or 17.6%, from December 31, 2025.

●Deposits of $2.13 billion at September 30, 2026 were up $391.7 million, or 22.5%, from December 31, 2025.

●Net interest income of $23.6 million for the three months ended September 30, 2026 was up $3.4 million, or 16.9%, from the three months ended September 30, 2025.

●Net interest margin of 4.26% for the three months ended September 30, 2026 was up 10 basis points from the three months ended September 30, 2025.

●Non-interest income of $5.5 million for the three months ended September 30, 2026, resulting in 14% of revenue generated by noninterest income sources for the quarter.

●The results for the three months ended September 30, 2026 reflected litigation-related expense of $6.2 million recognized in connection with the resolution of pending litigation.

Thomas Amell, President and CEO, said, “Our third quarter 2026 financial results reflect the strength of Pioneer’s relationship-based business model focused on creating client advocacy through our highly engaged employees. During the quarter, we experienced positive momentum across our company, highlighted by growth in net interest income and margin, driven by continued loan portfolio expansion, growth in our diversified deposit base, and prudent management of funding costs. The benefits of this positive momentum more than offset the costs of resolving the legal matters, which we recognized this quarter.”

Mr. Amell added, “We are extremely pleased to have reached agreements to resolve the Southwestern Payroll, Granite Solutions and NatPay matters, and we look forward to finalizing them. These matters date back to 2019, and this outcome removes a long-standing source of uncertainty closing a significant chapter in Pioneer’s history. I want to thank our employees and our Board for their steadfast focus and discipline throughout this process. Looking ahead, we remain focused on delivering long-term value for our stockholders, serving our clients, supporting our communities, and advancing our ‘More Than a Bank’ strategy. We are confident in the strength of our franchise and excited about the opportunities ahead.”

Total assets were $2.60 billion at September 30, 2026, primarily consisting of $1.94 billion of net loans receivable, $215.3 million of securities available for sale and $235.9 million of cash and cash equivalents. Deposits totaled $2.13 billion at September 30, 2026 and the deposit base was well diversified across customer segments, consisting of approximately 52.9% retail, 16.4% commercial and 30.7% municipal customer relationships. Estimated uninsured deposits, net of affiliate deposits and collateralized deposits, represented 10.6% of total deposits at September 30, 2026. Total shareholders’ equity was $323.3 million at September 30, 2026.

Recent Developments

Resolution of Pending Litigation

In October 2026, Pioneer and its subsidiary, Pioneer Bank, National Association (“Pioneer Bank”), reached agreements in principle with Southwestern Payroll Services, Inc. (“Southwestern”), Granite Solutions Groupe, Inc. (“Granite Solutions”) and National Payment Corp. (“NatPay”) to resolve all claims asserted by Southwestern, Granite Solutions and NatPay against Pioneer and Pioneer Bank in the litigation pending in the United States District Court for the Northern District of New York. This litigation has been previously disclosed in Pioneer’s filings with the Securities and Exchange Commission (the “SEC”). The resolutions remain subject to the execution of definitive settlement agreements and the filing of stipulations of dismissal of the actions in their entirety with prejudice.

Net Interest Income and Margin

Net interest income was $23.6 million for the three months ended September 30, 2026, an increase of $3.4 million, or 16.9%, as compared to net interest income of $20.2 million for the three months ended September 30, 2025. Net interest income was $67.2 million for the nine months ended September 30, 2026, an increase of $8.3

EX-99.1

2 pbfs-20260730xex99d1.htm

EX-99.1

Exhibit 99.1

652 Albany Shaker Road, Albany, NY 12211‌News Release

FOR IMMEDIATE RELEASE:

Pioneer Bancorp, Inc. Reports Second Quarter 2026 Results Net Income of $3.5 Million

Albany, N.Y. – July 30, 2026 – Pioneer Bancorp, Inc. (“Pioneer”) (NASDAQ: PBFS), a leading financial institution in New York’s Capital Region, today reported the results for the three and six months ended June 30, 2026.

Net income for the three months ended June 30, 2026 was $3.5 million, or $0.14 per basic and diluted share, as compared to $6.5 million, or $0.26 per basic and diluted share, for the three months ended June 30, 2025. Net income for the six months ended June 30, 2026 was $8.8 million, or $0.36 per basic and diluted share, as compared to $12.2 million, or $0.49 per basic and diluted share, for the six months ended June 30, 2025.

Highlights

●Net loans receivable of $1.87 billion at June 30, 2026 was up $224.6 million, or 13.6%, from December 31, 2025.

●Deposits of $1.97 billion at June 30, 2026 were up $229.8 million, or 13.2%, from December 31, 2025.

●Net interest income of $22.9 million for the three months ended June 30, 2026 was up $3.3 million, or 16.5%, from the three months ended June 30, 2025.

●Net interest margin of 4.30% for the three months ended June 30, 2026 was up 17 basis points from the three months ended June 30, 2025.

●Recently announced the acquisitions of Targeted Lending Co., LLC (“Targeted Lending”), Reiser Consulting Group, Inc. (“Reiser Consulting Group”), Wyndham Benefits, LLC (“Wyndham Benefits”) and The College Advisor of New York.

Thomas Amell, President and CEO, said, “Our second quarter 2026 financial results reflect the strength of Pioneer’s relationship-based business model focused on creating client advocacy through our highly engaged employees. During the quarter, we experienced positive momentum across our company, highlighted by growth in net interest income and margin, driven by continued loan portfolio expansion, growth in our diversified deposit base, and prudent management of funding costs. The benefits of this growth were partially offset by certain elevated expenses as compared to the prior year period. A significant milestone during the quarter was the successful completion of the acquisitions of Targeted Lending, Reiser Consulting Group, and Wyndham Benefits. Together with our recent acquisition of The College Advisor of New York, these additions further advance our ‘More Than a Bank’ strategy by expanding our capabilities, diversifying revenue streams, and strengthening the value we deliver to clients. Looking ahead, we remain focused on delivering long-term value for our stockholders, customers, and employees by investing in initiatives that strengthen employee engagement, elevate client experience, and support community development, while pursuing strong financial performance. ”

​

​

Total assets were $2.36 billion at June 30, 2026, primarily consisting of $1.87 billion of net loans receivable, $200.9 million of securities available for sale and $94.6 million of cash and cash equivalents. Deposits totaled $1.97 billion at June 30, 2026 and the deposit base was well diversified across customer segments, consisting of approximately 55.3% retail, 17.7% commercial and 27.0% municipal customer relationships. Estimated uninsured deposits, net of affiliate deposits and collateralized deposits, represented 13.4% of total deposits at June 30, 2026. Total shareholders’ equity was $328.3 million at June 30, 2026.

Recent Acquisitions

On April 24, 2026, Pioneer completed the acquisition of Targeted Lending, an independent equipment financing company with approximately $120 million of loans on its balance sheet. Targeted Lending, based in Williamsville, NY, operates as Pioneer’s newly formed Specialty Financing division, expanding our commercial lending capabilities and extending our reach into nationwide equipment finance markets. Targeted Lending through its originator-centric equipment finance platform provides financing solutions for essential, income-producing equipment, offering loans to small and mid-sized businesses across diverse industries. The all-cash transaction is valued at approximately $140 million in enterprise value, subject to potential adjustments for performance-based earn-out over a three-year period.

​

On April 20, 2026, Pioneer completed the acquisitions of Reiser Consulting Group of Albany, NY and Wyndham Benefits of Ballston Spa, NY. The acquisitions are expected to significantly increase the size of our Employee Benefits division and are expected to strengthen our ability to deliver expanded services and product offerings for both current and prospective clients.

On July 16, 2026, Pioneer completed the acquisition of The College Advisor of New York, a specialized firm that helps families navigate the college search and admissions process with personalized guidance, hands on support, and assistance iden

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